Property Grunt

Tuesday, May 02, 2006

Does this make me look fat?

"Federal Reserve Chairman Bernanke told me over the weekend that the media and the markets basically got it wrong last week in speculating that the Fed is done raising interest rates,"

"Bernanke also told me it is worrisome to him that anyone would think of him as dovish, though that feeling did permeate last week,"'

Maria Bartiromo

Everyone has heard Maria Bartiromo spilling the beans on her conversation with Fed Chairman Ben Bernanke which led the market going into a tailspin. Now the media is going on the offensive that this may have hurt his credibility.

Honestly, I think everyone should take a chill pill. First of all whether this was a rookie mistake or it was intentional we all shouldn't be suprised that the Fed plans on raising interest rates. It was always in the cards and with higher oil prices, the government is going to use every weapon in their aresenal to stabilize the economy.

As for those titans of finance who are whining about Bernanke watch what he says. Please shut the hell up. The stock market is like that neurotic thin pretty girl from high school that keeps asking the question. "Does this make me look fat?" And even when you say no, she keeps on asking the same damn question over and over again.

I bet if Bernanke has remained silent to Maria Bartiromo there would still be investors trying to find a dry pair of pants.

In conclusion. Everyone please remain calm. We have enough problems as it is.

Remember the Herald Towers? Well they know have their very own blog. And guess what. Just like the building, it's a piece of ****. What it is interesting is that it appears that Samsung is running the show. I wouldn't be surprised if they owned the building since they are in the heart of K-Town.